Question: Which statement best describes the difference between the mortgage term and the amortization period of a mortgage? O A) The mortgage term is the length

Which statement best describes the difference between the mortgage term and the amortization period of a mortgage? O A) The mortgage term is the length of time the mortgage contract is in effect while the amortization period is the time required to repay the loan based in regular payments. O B) The mortgage term is the time required to repay the loan based on regular payments while the amortization period is the length of time the funds are borrowed at a specific interest rate. O C) The mortgage term is set by the Federal government while the minimum amortization period is set by the lender. O D) The mortgage term is negotiated by the lender and borrower while the minimum amortization period is set for a period of 25 years

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